Colorado § 24-109-301 Interest

Colorado Statutes

§ 24-109-301 — Interest

Colorado·Title 24 Government·Art. Remedies

Except for interest payable on liability incurred by the
state under section 24-30-202 (24), interest on amounts determined to be due to a
contractor or to the state under this code shall accrue from the date the
controversy was submitted pursuant to section 24-109-106 through the final
resolution of the controversy by the procurement official or upon final
determination of the executive director or adjudication of the Denver district court,
whichever occurs last. Interest shall be calculated at the amount due at the rate set
forth in the contract or at the rate of one percent per month, whichever is greater,
until the amount is paid in full.

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Except for interest payable on liability incurred by the
state under section 24-30-202 (24), interest on amounts determined to be due to a
contractor or to the state under this code shall accrue from the date the
controversy was submitted pursuant to section 24-109-106 through the final
resolution of the controversy by the procurement official or upon final
determination of the executive director or adjudication of the Denver district court,
whichever occurs last. Interest shall be calculated at the amount due at the rate set
forth in the contract or at the rate of one percent per month, whichever is greater,
until the amount is paid in full.

Colorado § 24-109-301 (Interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 81: Entire article added, p. 1281, � 1, effective January 1, 1982. L. 2017: Entire section amended, (HB 17-1051), ch. 99, p. 344, � 49, effective August 9.